1156 Alewa Drive

Honolulu, HI 96817

An extremely rare offering to acquire 3 fully detached residential dwellings, located on a single parcel in Honolulu. 2025 renovations increased rental income, lowered risk and maintenance costs. Ideal for an owner occupier to live in the main house and receive significant rental income from 2 improved rental units. Also ideal for 1031 exchange or investors seeking stable NOI coupled with long-term appreciation. Immediate rental income of $5,750/mo. incl. GET can offset mortgage payment, plus potential income of $3,400/mo. incl. GET from the 3rd home can generate a total of $9,150/mo. in rental income. Quiet setting with cool breezes, each house offers 2 bedrooms and 1 bathroom, separate electric meter, washer/dryer, private yard, remodeled kitchen, new appliances and flooring. Located on Alewa Drive, in a desirable neighborhood, just past Assets School. Amazing views of the ocean, downtown Honolulu, and Diamond Head. The roofs are in good condition, convenient and secure exterior storage, and a large covered carport. Please do not disturb tenants or park in the driveway. A few photos have been virtually staged(enhanced).